Financial Pros Help Families Budget for College Funding 

If you’re wondering how you can afford to send your children to college, it may be wise to consider financial resources and financial advisors that could help you.

In its 2022-2023 U.S. News Best Colleges Report, researchers found that for one year’s tuition and fees, 19 out of the 20 top schools in the United States cost at least $55,000. Most schools in the top 20 list cost more than $60,000, with only two coming in at less than $50,000.

The cost of a college education has grown significantly in the past two decades. And with rising inflation taking its toll across every aspect of our economy, the trend shows no sign of stopping soon.

What To Look For in a Financial Advisor

When hiring a financial advisor, you’ll want to ensure that the one you choose is the best fit for your family and has the necessary designations to help you make the best financial choices.

Here are some qualifications to look for in potential college financial advisors.

1. Ccfc (Certified College Financial Consultant) A CCFC (Certified College Financial Consultant) is typically a Certifed Public Accountant (CPA) or Certified Financial Planner (CFP) specializing in education funding.

CCFCs understand the costs associated with post-secondary school, whether at a college, university, or trade school. They are also very well-versed in various topics on educational funding, including: – Student loans – Education credits – Tax consequences

Many financial planners assist students after they have already incurred student loan debt, but CCFCs focus on supporting students before, during, and after college planning.